Seeing the area and the rates the numbers are a bit slim so not really sure it there is much room for profit, so I have not settled on 1 property yet. 

The duplex prices are slightly inflated so if bought at market value, the cashflow (assuming I wasn't living there) would be slim or break-even based on rental comps (trying to buy in the Harker Heights area).However, being in the military means a stable income so I will be able to eat the $100-$300 in negative cash flow, and I have enough savings to account for vacancy and repairs. 

Would you suggest he should he spend four years at a college with the slim chance that might turn into working a company job, competing with H1B applicants for employment, to eventually 20 years later of saving to maybe flip burgers at his own establishment in competition with Mcdonalds? 

Positive cash flow is rule one, even if it’s slim.

Even if you file judgement the odds of collecting are slim to none. 

Surprisingly, this usually results in everyone paying on the 1st, and with my slim budget, its necessary.  

You may be right but based upon how far underwater these properties are, the fact that they’ve already diluted shares with pref equity (and blown through way more than projected) the likelihood of returning any LP equity is slim to none even with another Capital call.  

$82k gross on a $700k purchase is not ideal at current rates.Margins are slim, and I worry that you are underestimating costs and potentially overestimating revenue (I would not take Rabbu projections at face value).Margins are slim, down payment amount is high.

The odds of living in a city that meets all those conditions are slim, so look for markets that do.Here are the key requirements for an investment city:Metro population over 1 million: Larger metros are less dependent on a single employer or industry.

Chances of you finding the "Right" JV partner are very slim.